Ultra-expansive: The SNB was not happy about the negative interest rate of minus 0.75% it charges banks who park money with it. — Bloomberg
ZURICH: The Swiss National Bank (SNB) has no alternative to its ultra-expansive monetary policy, with the coronavirus crisis heaping “enormous” appreciation pressure on the safe-haven Swiss franc, SNB chairman Thomas Jordan said in newspaper interviews.
The SNB was not happy about the negative interest rate of minus 0.75% it charges banks who park money with it overnight, Jordan told the SonntagsZeitung paper.
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